FAQ on McEwen Mining Inc.'s Construction of Stock Mine Ramp

What is the purpose of the new ramp construction at McEwen Mining’s Stock Mine?

The new ramp is intended to provide underground access to the West, Main, and East zones of the Stock Mine, enabling lower-cost-per-ounce gold production and increasing mill throughput by processing softer ore on site.

When is the ramp construction expected to start benefiting gold production?

The benefits of the ramp construction, including lower-cost gold production, are expected to begin in the second half of 2025.

Why is the timing considered ideal for this project?

The timing is ideal because gold is trading at record highs, and the transition away from the Froome Mine is unlocking key cost and efficiency advantages for McEwen Mining.

What are the expected benefits of the Stock Mine ramp construction?

Expected benefits include eliminating a burdensome metal stream, boosting mill throughput with softer ore, and reducing haulage costs by processing material on site.

Where is the Stock Mine located?

The Stock Mine is part of the Fox Complex in Ontario’s prolific Timmins gold district.

Who is the CEO of McEwen Mining Inc.?

Rob McEwen is the CEO of McEwen Mining Inc., and he has a personal investment in the company of $220 million.

How can I learn more about McEwen Mining Inc.?

To learn more about McEwen Mining Inc., you can visit their official website at www.McEwenMining.com.

Where can I find the latest news and updates about McEwen Mining Inc.?

The latest news and updates relating to McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) are available in the company’s newsroom at https://ibn.fm/MUX.

What other operations does McEwen Mining Inc. have?

McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico, and Argentina, and it owns approximately 47.7% of McEwen Copper, which is developing the Los Azules copper project in Argentina.